Documents Required for Payroll Loan

To ensure the best rates and a good deadline, simply request yours from the financial institution and submit:

  • your ID
  • your social security number;
  • proof of residence;
  • your paycheck or BOAP payee number – the latter is to prove your link to a company / organization that has agreements with banks that offer payroll.

One of the great advantages of payroll loans is its simple hiring process. 

money loan

In addition, you must also enter your current account information at the time of hiring to receive the amount – in the case of BOAP beneficiaries, the account is the same where you receive your benefit. Because of this, the checking account must be owned by the same person who hired the payroll. Finally, it should be noted that you do not need to be an account holder with the same financial institution from which you are purchasing your loan.

Why is it so easy?

In short, payroll is a modality that only depends on the contractor being able to prove a stable source of income. Therefore, it is enough to present some document that provides this income (in this case paycheck or BOAP beneficiary number) and, of course, others that prove your identity.

This way, the bank contacts the company you work with or the BOAP to verify that you really have this link to them, so they can together validate and approve your request.

Will my social security number be consulted?

The payroll-deductible loan does not take into account reviews from agencies like SPC or Serasa, so even those with a dirty name can apply for yours – simply by submitting the valid documents required for hiring.

Now that you have seen that it is easy to gather and present the required documents to hire your payroll, how about going to the PB Payroll website and doing a simulation? Our rates range up to a maximum of 2.07% per month, with terms ranging from 6 to 72 months. Do not miss this opportunity!